Taking options of the table for people with few options does not make them better off in my opinion.
Rent a center should be illegal
- Thread starter Pressure
- Start date
I believe banning something in demand is foolish for a variety of reasons and ultimately wont solve the problem... itll just change how these transactions occur/predators operate.
Creating market conditions where these places are not needed should be the goal.
Creating market conditions where these places are not needed should be the goal.
dora_da_destroyer
Master Baker
I agree, but I can see a reason for it. You don’t need 65” tv that you’ll pay $3078 for when it’s a damn entry level tv you could get for $700.
Umm, I'm pretty sure that's your entire MO:Less outs will force black people to do better.
Heroin is in high demand.
Illegal immigrants are in high demand
Most people aren't using payday loans for a quick check advance to buy bullshyt. If they were then they wouldn't get trapped in them.
Most people don't have financial common sense because our financial education in this country sucks ass, we don't even teach kids what fukking interest rates are I had to learn that shyt my damn self.
Poor folks are susceptible because they want the same amenities and dignity as everybody else. My kids friends got the Xbox, he wants the Xbox, for $20 a week I can get him a Xbox. When they don't realize they're being taken for a ride because at face value it seems to be an okay trade off. Because most people in poverty are financially illiterate, because most people in our society are financially illiterate. That's why we have all these "we file your taxes for you!" services now, because we've done a piss poor job at teaching people how finances work and how civics in this country function. Which is a direct result of the mass defunding of education electives beyond STEM and the intense focus on litmus testing but that's another conversation for another day.
This is not complex, stop trying to defend the business practice that is literally exploiting people who don't know better.
Poor folks are susceptible because they want the same amenities and dignity as everybody else. My kids friends got the Xbox, he wants the Xbox, for $20 a week I can get him a Xbox. When they don't realize they're being taken for a ride because at face value it seems to be an okay trade off. Because most people in poverty are financially illiterate, because most people in our society are financially illiterate. That's why we have all these "we file your taxes for you!" services now, because we've done a piss poor job at teaching people how finances work and how civics in this country function. Which is a direct result of the mass defunding of education electives beyond STEM and the intense focus on litmus testing but that's another conversation for another day.
This is not complex, stop trying to defend the business practice that is literally exploiting people who don't know better.
Money goes less far today than ever (report came out recently that you need to work 47 hours at minimum wage to equal out to 40 hours just a decade ago) and we live in a late-stage capitalist hyper consumerist society perpetuated by the only thing white people have added to the culture of the world. Corporatism and consumerism, brand loyalty, "keeping up with the joneses". This makes it especially dangerous that so much of the US population has little to no financial education.
These problems are not hard to figure out why they're happening and they're not hard to stop. Forgive me if I don't weep for the board of directors that might need to sell off some of their ridiculous assets that they got off leveraging sub-prime loans to poor people and a couple companies might go under. Isn't that capitalism? Adapt or die?
These problems are not hard to figure out why they're happening and they're not hard to stop. Forgive me if I don't weep for the board of directors that might need to sell off some of their ridiculous assets that they got off leveraging sub-prime loans to poor people and a couple companies might go under. Isn't that capitalism? Adapt or die?
What I'm saying is the whole society is on that bullshyt. Yall looking at the bottom and it seems more obvious there but people in general buy shyt on monthly payments. If they can afford the monthly payments they think they can afford the item and to most people the final cost isn't as important as the monthly payments.Most people don't have financial common sense because our financial education in this country sucks ass, we don't even teach kids what fukking interest rates are I had to learn that shyt my damn self.
Poor folks are susceptible because they want the same amenities and dignity as everybody else. My kids friends got the Xbox, he wants the Xbox, for $20 a week I can get him a Xbox. When they don't realize they're being taken for a ride because at face value it seems to be an okay trade off. Because most people in poverty are financially illiterate, because most people in our society are financially illiterate. That's why we have all these "we file your taxes for you!" services now, because we've done a piss poor job at teaching people how finances work and how civics in this country function. Which is a direct result of the mass defunding of education electives beyond STEM and the intense focus on litmus testing but that's another conversation for another day.
This is not complex, stop trying to defend the business practice that is literally exploiting people who don't know better.
I don't really go by monthly payments. If I don't have the money in the bank right now to buy what I want outright I'm not buying it.
IMO you don't need to be taught how to spend money. It's common sense. Whatever you make you gotta live off less than that and you need a fair amount of money saved up for a rainy day or emergency. You can borrow money on a credit card for free as long as you pay it back by the due date. If the price gets chopped up into payments do the math to get back to what you're actually paying.
None of this is stuff people really need to be taught as much as they need to sit back and analyze what they're doing.
Cheap labor* is always in high demand, and I maintain that the minimum wage law is also a bad idea.
Increasing the wages of the poor should eliminate the need for payday loans and rent to own...Cheap labor* is always in high demand, and I maintain that the minimum wage law is also a bad idea.
If not the industry itself needs regulation.
I believe all drugs should decriminalized
GnauzBookOfRhymes
Superstar
breh, you can't save everyone from everything. your examples aren't even comparable. with the shady sub primes (as opposed to legitimate loans given to people who although dont have stellar credit could still afford payments etc), the mortgage brokers were falsifying financial documents etc. i dont think that's happening here. not to mention there's a qualitative difference between the types of pressure that would push people to get into a loan that could be considered predatory (need to put a roof over your head) and frivolous shyt like an xbox, or durable goods that one could purchase second hand or thru other financing options (appliances).
